Name: Mohammed YUSUF

Name: SPICE COTTAGE WORCESTER LTD

Date of Birth: 28 / 9 / 1994

Date Order Starts: 23 / 4 / 2026

Disqualification Length: 9 Years  Month(s)

CRO Number: 10427900

Last Known Address: 343 Chester Road North, , , , KIDDERMINSTER, DY10 2RU

Conduct: On 18 May 2020, Mohammed Yusuf (“Mr Yusuf”) caused Spice Cottage Worcester Ltd (“the Company”) to provide information which he knew, or ought to have known, was false, by making false declarations regarding the trading status of the Company, and by providing inaccurate turnover information in a Bounce Back Loan (“BBL”) application, resulting in the Company receiving £50,000 which it was not eligible for. In addition, Mr Yusuf caused the Company to breach the terms and conditions of the BBL facility by expending £47,637 of the BBL funds received for purposes that did not provide economic benefit to the Company, in that:     • Under the BBL scheme businesses were able to apply for a loan of between £2,000 and £50,000 subject to a maximum of up to 25% of turnover if it was both carrying on its business on 01 March 2020 and was engaged in trading or commercial activity as at the date of the BBL application. If eligible, the turnover figure was self-certified by the applicant. The figure required was turnover for the calendar year 2019 or, where a business was established after 01 January 2019, the estimated turnover for the 12 months after the business was started.  • The Company was incorporated on 14 October 2016.   • Mr Yusuf made an application for a BBL of £50,000 on behalf of the Company on 18 May 2020, declaring turnover for calendar year 2019 of £211,000. In the BBL application. Mr Yusuf declared that the Company was trading on 01 March 2020, and was engaged in trading or commercial activity on that date of the BBL application. • Financial accounts for the period 01 October 2018 to 26 October 2019, signed by Mr Yusuf, confirmed that the Company had ceased to trade on 26 October 2019. As such, the Company was not carrying on business on 01 March 2020, and was not engaged in trading or commercial activity 18 May 2020. • The financial accounts for the period 01 October 2018 to 26 October 2019 stated turnover was £130,626. Bank statements for the calendar year 2019 indicate sales of £78,718. Had the Company been eligible for a BBL, the most it would have been eligible for based on 2019 turnover was £32,657. • The BBL funds of £50,000 were paid into the Company bank account on 20 May 2020. After clearing the overdraft balance of £2,363, the remaining BBL funds of £47,637 were transferred to Mr Yusuf. As the Company had ceased to trade on 26 October 2019, the transfer of £47,637 to Mr Yusuf would not appear to have been for the economic benefit of the Company.   • The Company entered Creditors Voluntary Liquidation on 13 January 2025.     • Total liabilities at liquidation amount to £56,346, of which £51,616 relates to the amount owed in respect of the BBL.   

This information is correct as at 8 / 4 / 2026

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